Trade Finance Operations and Sanctions Screening just got Simpler and Less Riskier. 

Get Started Today!

Contact us today to learn more about Cleareye.ai’s intelligent Trade Finance Compliance and Screening Digital Platform.

© 2021 Cleareye.ai. All rights reserved.

Trade Finance Compliance & Screening 

Learn More

Trade Finance powers more than 80% of the international trade and according to the ICC (The International Chamber of Commerce) trade finance revenues for banks could be as high as USD 48 billion by 2022. But it is increasingly identified as a potential conduit for money laundering and is vulnerable to breach of sanctions regulations.

Stringent regulatory scrutiny and compliance requirements combined with highly manual and paper intensive operations leave banks increasingly exposed to significant operational risk in terms of reputational damage and fines.

Our Solution

THE PROBLEM

SOLUTION:

Cleareye.ai’s advanced Artificial Intelligence platform improves the effectiveness and efficiency of Trade Finance Operations and Sanctions Screening process. A digital platform to process trade finance transaction documents, perform automated reconciliation against UCP and ISBP rules and seamlessly integrate with Sanctions Screening systems and TBML (Trade Based Money Laundering) systems.

DOCUMENT SCRUTINY AND COMPLIANCE CHECKS IN TRADE FINANCE ARE EXPENSIVE, TIME-CONSUMING & UNPREDICTABLE

Paper Heavy Processes

Human Labor Intensive

Stringent Regulatory & Financial Crime Compliance

CLEAREYE.AI’S INTELLIGENT TRADE SCREENING PLATFORM 

70% PRODUCTIVITY INCREASE

Digitization of Documents

Automated classification, extraction and validation of information using advanced AI techniques

Identify Attributes

Identifies 100+ trade related attributes including screening attributes

Automatic Integration

Seamless integration across all banking services and data streams

DIGITAL PLATFORM

Auto classifies documents and easy to navigate guided flows

User friendly view of discrepancies 

Intuitive completeness check to show missing documents

Contextual Rules Engine

Easily configurable rules engine with unique handsfree approach

Realtime Watchlist Screening

Complete trade finance related entity screening

Continuous Monitoring

Trade related anomalies monitoring and proactive reporting

Pre-trained Models for all Trade Documents-Powerful Image Pre-Processing
Ability to Extract Tabular Data
Wide Coverage of UCP and ISBP Rules
Intelligent Interpretation of Letter of Credit Conditions
Cross Verification of Data Between MT700 and Trade Documents for Hidden TBML and Sanctions Red Flags

Customizable Business Rules
Continuous Learning
Cutting Edge AI and Engineering Breakthroughs

OUR DIFFERENTIATORS:

BENEFITS:

Automation and Intelligence augmentation to drastically increase analyst productivity

Flexibility to customize for bank specific business rules while adhering to UCP/ISBP rules

Designed to eliminate false positives and false negatives in compliance checks

Seamless integration with legacy core banking and trade finance systems

70%

PRODUCTIVITY 
INCREASE

The Latest in Industry News & Cleareye.ai Updates

Cleareye.ai works to provide industry relevant news on a number of banking topics. Select an article below to learn more about how Cleareye.ai can help you with Trade Finance Compliance Screening.

Trade Finance Automation- What was once a convenience is now a necessity

Trading of goods in international market is complex and fraught with risks and uncertainties.

READ MORE

FEATURES: 

 
Self-learning system that improves efficiency of scrutiny with time
Ability to extract from low quality documents with advanced OCR and deep learning capability in-built in the platform
Real time visibility into scrutiny process including SLA tracking
Seamless integration with Sanction Screening and AML systems

Industry leading coverage of rules under UCP 600 and ISBP 745
Interpreting MT700/707 - Letter of Credit for rules check
Extraction of relevant fields for sanctions screening - Vessel name, Port names, Goods (for dual use good screening etc.)

Our DifferenceStart Today!

JASPER
Advanced AI Document engine

ONYX
Business workflow automation engine

CLEAREYE.AI IN TRADE FINANCE SCREENING WORKFLOW

HOW IT WORKS

APPLICATION INTEGRATION

Real-time or batch 
integration with multiple banking 
end-points

?

JASPER

Documents are enhanced and standardized to
achieve best results

DOCUMENT 
PRE-PROCESSING

JASPER

Relevant entities are extracted from the (un)structured documents, categorized and contextualized for further processing

Confidence score for each extracted entity
Continuous learning to enhance speed and accuracy

EXTRACTING RELEVANT INFORMATION

Information is extracted from
scanned documents using
advanced Computer Vision

This information is analyzed,
and documents are classified into specific trade finance document types using deep learning algorithms

TEXT ANALYSIS 
AND CLASSIFICATION

JASPER

JASPER

All relevant names and other entities (ports,
vessels, IMOs, goods) are sent for screening, i.e.
the trade finance engines is integrated with 

sanctions screening system, e.g. NetReveal

Perform calibration of the screening system to
ensure appropriate effectiveness and efficiency


Further actions in the trade finance workflow will
be waiting for screening results

SANCTIONS SCREENING

JASPER

ONYX

The extracted entities are automatically validated using a set of business rules (ISBP/UCP rules are already implemented)

Decision making process automated

Continuously learns from user actions

APPLYING BUSINESS RULES

The final trade finance workflow 
should be confirmed

Relevant data elements can be continuously sent for screening - e.g. until maturity date

FINALIZING WORKFLOW & CONTINUOUS SCREENING

JASPER

JASPER

JASPER

2020 was a challenging year, and it wreaked havoc on the state of trade finance.

Trade Finance in a Post-Covid World

READ MORE